| Number borrowers | 1,065 |
| Loan Amount (range) | PKR 20,000 - 30,000 |
| Loan Term (range) | 6 - 11 |
| Other Services (text summary) | Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 21.0%-24.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | 3.00% upfront |
| Tax | None |
| Comp Dep | None |
| Range of pricing | |
| Interest Price Component | 22.8% - 34.9% |
| Fee Component | 3.0% - 6.0% |
| Insurance Component | 0 - 3.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 29.0% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | N/A |
| 7,933 |
| RWF 250,000 - 3,000,000 |
| 4 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training |
| 30.0% annual, Flat |
| 1.00% upfront |
| 0.80% upfront |
| 18.00% fees |
| 10.0% upfront 10.00% ongoing |
| 19.8% - 51.7% |
| 2.0% - 5.7% |
| 0.3% - 4.5% |
| 0.4% - 1.9% |
| 70.6% - 72.9% |
| 32 - 80 |
| 41 |
| Outstanding portfolio (PKR) | PKR 30,000,000 |
| Portfolio (USD) | USD 306,122.45 |
| Active Clients with Loans | 1,065 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0 |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Punjab |
| Outstanding portfolio (RWF) | RWF 5,202,031,666 |
| Portfolio (USD) | USD 8,128,174.48 |
| Active Clients with Loans | 7,933 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 22 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PKR |
| Minimum loan size | PKR 20,000 |
| Maximum loan size | 30,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 30% |
| PKR 25,000-50,000 | 70% |
| PKR 50,000-75,000 | 0 |
| PKR 75,000-150,000 | 0 |
| Greater than PKR 150,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 11.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | RWF |
| Minimum loan size | RWF 250,000 |
| Maximum loan size | 3,000,000 |
| Loans less than RWF 500,000 | 20% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 30% |
| RWF 2,500,000-3,500,000 | 20% |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 21.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Agreement Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Livestock Insurance Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 14.00% |
| Maximum interest rate paid | 14.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Excluding VAT |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance Premium |
| % of loan amount - min | 0.80% |
| % of loan amount - max | 0.80% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Excluding VAT |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PKR 20,000 | PKR 25,000 | PKR 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-01-08 | 2014-01-02 | 2014-01-03 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | PKR 6,310 | PKR 7,888 | PKR 9,465 | ||
| True Price by Comp | |||||
| Interest price component | 22.8% | 22.8% | 22.8% | ||
| Fee Component | 3.0% | 3.0% | 3.0% | ||
| Insurance Component | 3.2% | 3.2% | 3.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.0% | 29.0% | 29.0% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 250,000 | RWF 500,000 | RWF 980,000 | RWF 2,000,000 | RWF 3,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 6 | 5 | 6 | 6 | ||||
| Disbursement Date | 2012-09-20 | 2012-09-20 | 2012-09-17 | 2012-09-13 | 2012-09-13 | ||||
| Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | 8.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.9 months | 0.9 months | 0.9 months | 0.9 months | 0.9 months | ||||
| Total Cost of Credit | RWF 42,653 | RWF 85,295 | RWF 212,286.20 | RWF 433,219 | RWF 960,513 | ||||
| True Price by Comp | |||||||||
| Interest price component | 49.2% | 49.2% | 50.1% | 50.1% | 50.7% | ||||
| Fee Component | 3.6% | 3.6% | 2.9% | 2.9% | 2.0% | ||||
| Insurance Component | 2.9% | 2.9% | 2.3% | 2.3% | 1.7% | ||||
| Tax Component | 1.2% | 1.2% | 1.0% | 1.0% | 0.6% | ||||
| Deposit Component | 16.0% | 16.0% | 16.0% | 16.0% | 15.6% | ||||
| Full APR (int fee ins tax dep) | 72.9% | 72.9% | 72.3% | 72.3% | 70.6% | ||||
| Transparency Index | 41 | 41 | 41 | 41 | 43 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
